NEW DELHI. l India Limited (OIL) and TotalEnergies have signed a Technology Service Agreement to enhance strategic collaboration in exploration activities across deep and ultra-deepwater offshore frontiers of Indian sedimentary basins. The agreement, signed in the presence of Shri Pankaj Jain, Secretary, Ministry of Petroleum & Natural Gas, and senior officials, aims to leverage TotalEnergies’ expertise in deepwater exploration for OIL’s current and future offshore projects. It covers ongoing appraisal of a gas discovery in the Andaman Basin, exploration in OIL’s OALP-IX ultra-deepwater blocks in the Mahanadi and Krishna-Godavari Basins, and evaluation of opportunities in upcoming bid rounds, including stratigraphic well drilling in offshore Category-II and III basins. This strategic partnership signifies a major milestone in OIL’s pursuit of offshore exploration, reinforcing its commitment to hydrocarbon discovery and securing India’s sustainable energy future.
Oil India Ltd Signs Strategic Agreement with TotalEnergies to Boost Deepwater Exploration
